G20: Monetary policy on its own cannot lead to balanced growth, fiscal policies also important

Following are the key headlines crossing the wires from the G20 statement released on the French Presidency's website:

• New challenges include terrorism and immigration complicating the global economic outlook
• Growth should be consolidated with coordinated public policies
• Monetary policy on its own cannot lead to balanced growth, fiscal policies also important
• Will abstain from competitive devaluations and will not set exchange targets for competitive reasons
• Governments say launching innovation-led growth plan including measures on digital economy and industrial policy
• Will ask OECD to report by June 2017 on progress made by countries regarding tax transparency
• Will consider sanctions against jurisdictions on OECD 2017 tax haven list